What's Ahead For Tesla?
Candy Matheson | Feb 08, 2018 12:08AM ET
At the moment, price on this weekly chart of Tesla (NASDAQ:TSLA) is embedded in a large downward-sloping consolidation zone. As long as it stays above its channel median, and as long as the momentum indicator remains above the zero level on this timeframe, there is a chance we could see it recover to retest prior all-time highs, and, even, push higher. Otherwise, a drop and hold below these levels could see it drop to the channel bottom around 280.00, or lower.
Perhaps yesterday's successful launch will be the shot in the arm to resuscitate this stock.
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